USDCHF Movement
For the 24 hours to 23:00 GMT on Friday, USD declined 1.01% against the CHF and closed at 0.9444.
In Switzerland, on a seasonally adjusted basis, the unemployment rate stood steady at 2.9% in August, in line with market expectations.
In the Asian session, at GMT0300, the pair is trading at 0.9451, with the USD trading 0.07% higher from Friday’s close.
The pair is expected to find support at 0.9396, and a fall through could take it to the next support level of 0.9342. The pair is expected to find its first resistance at 0.9543, and a rise through could take it to the next resistance level of 0.9636.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
